{"data":{"id":"us-mi/mich.-comp.-laws-500.249","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.249","heading":"Insurance commissioner; investigations of agents, adjusters, counselors, managers, promoters, officers and directors.","body":"Sec. 249.\n\nFor the purposes of ascertaining compliance with the provisions of the insurance laws of the state or of ascertaining the business condition and practices of an insurer or proposed insurer, the commissioner, as often as he deems advisable, may initiate proceedings to examine the accounts, records, documents and transactions pertaining to:\n\nAny insurance agent, surplus line agent, general agent, adjuster, public adjuster or counselor.\n\nAny person having a contract under which he enjoys in fact the exclusive or dominant right to manage or control an insurer.\n\nAny person holding the shares of voting stock or policyholder proxies of an insurer, for the purpose of controlling the management thereof, as voting trustee or otherwise.\n\nAny person engaged in or proposing to be engaged in or assisting in the promotion or formation of an insurer or insurance holding corporation, or corporation to finance an insurer or the production of its business.\n\nA person or organization owning stock representing 10% or more of the voting shares of an insurer.\n\nAny officer or director of an insurer.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-249","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"95532d5af1fc105c6bd90cf592eaf01fc468d3b97e81f1dc1185f4e23d65eeb9","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.2484","next":"us-mi/mich.-comp.-laws-500.249a"},"notice":"GroundRules: Original legal text. Not legal advice."}